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The platform may get some time to get used to but it has useful features and solid functionality. The website is clean and with well-structured information but the only available language is English.
In normal market conditions, the spreads are very tight just 0. The processing time for payments is very fast: 1 working day and additional working days or working days in some cases must pass until the money reaches you.
There are no commissions for opening an account which is normal for any broker. Like most brokers, ETX Capital charge an inactivity fee.
An account shall be considered inactive if there has been no trading activity for a period of days and as a result, a fee of 20 EUR or equivalent in the account currency will be charged monthly.
If you decide to reactivate the account by trading again, the last three inactivity fees will be refunded to your account. Live Chat support is not available.
ETX Capital is one of the oldest brokerages around, regulated by the FCA but although these are major advantages, the website or platform does not stand out with something extraordinary.
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The company was originally incorporated in as Monecor Ltd. Russian, Arabic, Turkish, Polish, Czech, Slovenian and Hungarian versions of the website became available that same year.
In , ETX launched a new version of its proprietary TraderPro platform and launched Bitcoin markets on the new platform.
From Wikipedia, the free encyclopedia. British financial company. Retrieved May 1, Retrieved June 22, PR Newswire. Like most brokers, ETX Capital takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The colour bars show how competitive ETX Capital's spreads are in comparison to other popular brokers featured on BrokerNotes.
ETX Capital offers over 5, different instruments to trade, including over 60 currency pairs. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice. ETX Capital also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
ETX Capital allows you to execute a minimum trade of 0. This may vary depending on the account you open.
The maximum trade requirements vary depending on the trader and the instrument. As a market maker, ETX Capital may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements.
Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.
You can see the latest margin requirements on their website. To start the process of opening an account with ETX Capital you can visit their website here.
MT4 is one of the leading online trading platforms and is a popular choice of forex traders. With the ETX Capital MT4 platform, you can trade a wide variety financial markets including indices, commodities, equities, currency markets and cryptocurrencies.
For traders who prefer automated trading, this is the platform for it. Traders using EAs can set parameters for their trades and then wait for the automated responses.
The advantage that traders get with this option is that one does not have to be in front of a computer to open or close trades.
The one-click trading feature is what makes this possible.